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Assume the following information You have been given $1,000,000 to invest (and do not need to borrow, no borrowing costs) Current spot rate of pound=5130

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Assume the following information You have been given $1,000,000 to invest (and do not need to borrow, no borrowing costs) Current spot rate of pound=5130 90day forward rate of pound -51.28 3month deposit rate in US. - 12% per annum 3month deposit rate in Great Britain = 16% per annum # you use covered interest arbitrage for a 90day investment, what will be the amount of U.S. dollars you will have after 90 days? (round your answer to the nearest dollar) O A 51,030,000 O B. $1,063,385 OC. $1,040.000 D. 51.024 000 )51 034 000 E none of these

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